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, what else, sentiment around the fiscal cliff deal. the economy though is looking stronger than many analysts expected. the gross domestic product was revised upwards, up from a previous level of 2.7%. the gdp is the broadest measure of the size and straeength of t u.s. economy. >>> the treasury department announces a plan to sell remaining shares to gm. that after bailing out the giant automaker. it will cost taxpayers $12 billion but saved more than a million jobs in the industry. >>> it's not much time left before the bush tax cuts expire and the automatic spending cuts kick in. the dreaded fiscal cliff that will likely have a powerful impact on the economy can washington actually come to an agreement and what's going on behind the scenes? don peebles, chair monday and ceo of the peebles corporation, don was a leading fund-raiser for president obama. good to see you. >> thank you. >> a lot of drama happening in washington. let's talk about the fiscal cliff. what's your take on how this plays out? now with just a few days left in the year to get this deal done. >> i don't think the
're talking about the fiscal cliff, we heard so much about spending and revenues over the next decade. is the best scenario over the next decade merely a maintenance of existing foreign aid? >> certainly we should maintain it. we have in fact cut back on foreign aid. at the very least, we should maintain it. i would like to see if we get to a place where we can have some agreement in washington and put off -- but our finances in better shape, in a few years we could increase it. -- put our finances in better shape, in a few years we could increase it. foreign aid is good for the countries and get it, but also america. >> let me ask you about the situation in syria. 40,000 people dead. almost two years into a civil war. no real and insight. the obama administration has a clear policy of avoiding intervention -- real end in sight. the obama administration has a clear policy of avoiding intervention. what do you think should be done more in syria? >> syria is a complex issue. i was the author of the syrian accountability act, which passed both houses of congress and signed by president b
right now. this fiscal cliff, this is a serious issue for our economy, working families, and for small businesses we are counting on bringing us out of recession. everyone believes that. as we are down here trying to have that discussion, in the short, 11 days we have left, i hear that our tax package, which does exactly what the president asks, i think it is wrong, i think we ought to keep tax rates low for everyone, but the president says no. this bill does that. as my friend reminded me, when i ran as part of this freshman class, i said, let's try to make things more simple. we know what happens at the end of this year. we know the christmas tree bills that come rolling to the floor, where you handle 100 different unrelated things at a time. i would be interested in pulling folks without a voting card. i would be interested in knowing what folks listening to this debate believe is happening. i have been told that this tax bill throws americans off unemployment. it does no such thing. no such thing. do we need to deal with unemployment? yes we do. in an unemployment bill. i have been
cliff that could devastate our economy and harm millions of americans, the majority decided to put together a last-minute legislation on a prayer. last night, the rules committee spent most of the evening debating legislation. even if the debate is taking place, it was dropped into our lap. it turned out to be a bill that went through the house of representatives. that is how the majority wants to solve the greatest economic threat facing our nation. with nothing less than millions of dollars on the line, does the majority really believe this will do nothing? we prepare a vote on this legislation and i think adjourned for the final time this year. if this is a final attempt to reach the compromise, our nation faces finding times. we may face the greatest displacement of workers since 1929 as sequestration takes effect and forces countless layoffs. how devastating is that to a recovering economy. every american knows we cannot let this happen. i believe everyone knows we never would. after last night, i am not so sure. this is not a serious solution to avoid economic catastrophe. is
the fiscal cliff. caller: host: current state of our economy, if the government is not doing their job and are taking their vacation and stuff, why don't they start at minimum wage? i think with thethatget rid of d put them on 401k's. it is about time we started to take care of the people again. host: barbara from manchester, new jersey. caller: you will never get the gop in power to corporate. that is not their goal. their goal is to make president obama a failure, the matter what it does to this country, thank you. host: would wrestle them up. lots of different points of view. joshua gordon. caller:guest: the main issue isn you look at how spending programs are growing more quickly than the economy. we need to look at how we are going to pay for that. if we are not going to pay for it, with a major reform. this fiscal cliff thing is a short-term issue. we are trying to recover from this financial crisis. the economy is slowly doing better but still has not come back to pre-crisis levels. do we want a fiscal policy that can do two things? repel the recovery forward and deal with the
. on the show today, we'll move past the fiscal cliff and talk about the real challenges to the economy. i will talk to the chief economic adviser of the romney campaign and president obama's former budget czar peter orzack, among others. >>> also, let me tell you about the biggest success story in latin america. it's not brazil. much closer to home. then, as the world watches the arab world struggle with democracy, we'll take a look at the problem from an unusual perspective, upside down. how does a country turn away from democracy as eastern europe did 50 years ago? i talked to pulitzer prize winning historian anne happalbaum. >>> the administration had a choice save chrysler by injecting taxpayer dollars or let it fail and let it lose perhaps a million jobs. car czar steve ratner gives us a fascinating inside look. for viewers in the united states, we have a special tonight at 8:00 and 11:00 p.m. eastern and pacific called "tough decisions." >>> but, first, here's my take. announcing that he would send proposals on reducing gun violence in america to congress, president obama this week
into his son's school. >> gregg: we begin with so-called fiscal cliff, major concerns for the u.s. economy are not keeping lawmakers from heading home for the holidays. but with lawmakers from both parties still at odds over how to avoid that inevitable cliff, tax hikes, spending cuts associated with it, some of them are taking to the sunday talk shows to make their respective cases with just nine days until every american taxpayer feels the pinch. steve centanni, steve is there still any chance some sort of a comprehensive agreement can be reached? >> reporter: it's looking less and less likely. two sides in the did the debate had their say on sunday talk shows. there is a lot of talk and not much action. john boehner called off his public for a plan b, there has been no movement toward any kind of deal and some are saying the president wasn't to avoid that fiscal cliff. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. he sees a political victory. he gets additional tax revenues and gets to cut the military which democrats have
or not -- what would you like to say about the fiscal cliff? >> you know, i think the fiscal cliff is a great nickname. but i think it is sort of greedy instance of an emergency. like if something doesn't happen by january 1, the entire economy will go into the next great profession. that's not really what's going to happen. there is some great degree of urgency. this is sort of a man-made crisis, i think. i don't think that we have this crushing budget issue that has to be dealt with at this precise moment, or the world will end. i think of seville at a very anemic recovery. there are a lot of people really struggling out there across the country. but our priority should be strengthening our safety net during times of economic duress. now is not the time, in my opinion, to be contemplating significant cuts in things that a lot of struggling working class people who have lost grip of the middle class, spending cuts that are talked about, it could really have a negative impact on people at a time when they need it most. i am much more concerned about increasing getting people out of poverty, r
, utterly dismissed because of the fiscal cliff. if you will, the boehner back flip on plan b. >> yes. end? lou: what do you think will happen from here? >> we tied to this cliff now. that is all anybody talks about. they are playing it to the 11th hour and 59th minute. the smart guys that i know tell me that it will probably not get done, but then it will be done in the first first second week maximum in january. the stock market showed you, just give you a little bit of a taste today about how the stock market feels about it not getting done. lou: as i listen to the president today, and we are told that he will be taking off for hawaii. i mean, his take off was -- i'm sorry? there is the plane. and that, of course, picture being worth 10,000 words. i was about to say, we will wave to the president, which is another obvious given to the fact that air force one is waiting to win its way westward to hawaii. this is not a prident to is overwhelmed by his failure to lead on this issue. it doesn't like it is now his issue, does this? i mean, it is over. now harry reid, mr. electric, and mr. ob
from scratch. he has solutions for the country's budget mess. he joins us live next. >>> to the fiscal cliff. you know the national debt tops more than $16 trillion. as house speaker john boehner put it, quote, let's be honest. we're broke. how does washington get its economy in order? who better to ask than a billionaire. he built his company red apple group from nothing. john, welcome. thank you for coming. >> thank you for having me. how do we get this spending under control? >> common sense prevails. we are all americans. newt gingrich and bill clinton hated each other. but they sat around the table and solved the problem. we had an excess in our budget which is unheard of. these people have to realize whether they are democrats or republicans, it is not being democrats or republicans. it is being americans. sit down at the table and negotiate and come up with a solution instead of going off to hawaii and instead of going home that's what business people do. if i have a problem in one of my companies, i sit down and i say, guys, let's solve the problem. you don't just raise prices
. >> fiscal cliff chaos. >> it's not the outcome that i wanted, but that was the will of the house. >> after speaker boehner's stinging defeat, is there any way to salvage a deal and strengthen our economy? >> how we get there, god only knows. >> i actually still think we can get it done. >> the science from the nra. >> blood-soaked films out there. violent video games. the national media machine. the only thing that stops a bad guy with a gun is a good guy with a gun. >>> and a new pick for secretary of state.
over the fiscal cliff, a lot of economists have warned that it could send the economy back into recession. but more immediately, we've been talking to americans who are out doing their christmas shopping, and they say the uncertainty in washington is really weighing over them as well as they do their christmas shopping. they don't know what it's going to mean for their taxes in the coming year. so really a lot of people hoping that they can get something done but not a lot of time left to do it. alex? >> okay. thank you very much, kristen. we'll talk with you again. appreciate that. let's bring back in andy sullivan and eleanor clift. andy, according to senator graham, they are voting to prevent a tax hike on 99% of americans is not a tax increase. is he the only republican who believes that? >> well, i think a lot of these other guys might be willing to go along with something if they get something in return. and if they're just being asked to effectively raise taxes on some americans without spending cults in return, they're not going to go for that. and you haven't seen
they want. >> fiscal cliff chaos. >> not the outcome that i wanted but it was the will of the house. >> after speaker boehner's stinging defeat is there any way to salvage a deal and strengthen our economy? >> how we get there, god only knows. >> i actually still think we can get it done. >> the science from the nra. >> blood-soaked films out there. violent video games. the national media machine, the only thing that stops a bad guy with a gun is a good guy with a gun. >> and a new pick for secretary of state. our headliner this morning, the nra's new point person on school shootings, asa hutchinson. then the senate debate with republican johnny isakson and democrat amy klobuchar. plus our powerhouse roundtable with newark mayor cory bookerer, nra board member grover norquist, peggy noonan and katrina vanden huval. >>> hello, again. the president and congress are off for christmas. fleeing a capitol filled with political dysfunction. fiscal cliff talks have completely collapsed. questions about the president's new national security team forced him to announce the appointments piecem
for the fiscal cliff failure on president obama. democrats think otherwise. let's bring in karsz bass. thanks for being here. >> thanks for having me on. >> is there a chance the economy could fail on the extent of the greece economy. >> i was very optimistic on wednesday. on thursday when boehner could not get the votes from his own caucus for his own deal that definitely left me concerned. this is so reminiscent of last year the payroll tax cut where the house gop kind of fell apart and the leadership had to come from the senate so i think that is probably the case. >> republicans say the president has not been willing to compromise. republican congressman from ohio on cnn this morning said the president has to act on spending before there can be a deal. let's listen to that. >> where the president has not been serious is the other side of the equation. he is all about taxes and has this mandate on taxes but the spending cuts, the need to get us out of this mess, he hasn't been serious about those and that is unfortunate. >> he is saying president obama is all about raising taxes and not ab
cliff but if an agreement is reached, will it bring positive change to the economy? we'll have art laffer. billy dean is here live performing a holiday classic you don't want to miss. that's next. ♪ the weather outside is frightful ♪ ♪ but the fire is so delightful ♪ nothing melts away the cold like a hot, delicious bowl of chicken noodle soup from campbell's. ♪ let it snow, let it snow try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. the clock is tick to go avoid the fiscal cliff and washington is still looking for the solution. >> for the last two weeks i've been working with leaders of both parties on a proposal to get our deficit under control. avoid tax hikes on the middle class, and to make sure we can spur jobs and economic growth. >> how we get there, god only knows. >> will an agreement bring po
Search Results 0 to 18 of about 19 (some duplicates have been removed)